Breather, a NYC-based network of on-demand meeting rooms and workspaces, closed $40m Series C funding round.
The round, which brought total funding to $73m to date, was led by Menlo Ventures, with participation from existing investors Valar Ventures RRE Ventures, Slow Ventures, and Real Ventures. In conjunction with the funding, Venky Ganesan, Managing Director of Menlo Ventures, joined Breather’s Board of Directors.
The company intends to use the funds to increase density in its existing markets and continue its expansion to new markets in 2017.
Founded in Canada in 2012 by Julien Smith, CEO, Breather provides freelancers, startups and large, multi-national corporations with dedicated meeting rooms and workspaces on a “pay-per-use” basis through a proprietary app and booking technology. The app allows users to instantly browse, book and access a space of their own.
The company currently operates a network of more than 300 spaces across 10 global markets, including New York, San Francisco, London and more. In 2016, the company expanded to new markets including Chicago, Washington DC, Los Angeles and Toronto.
Clients include Apple, Google, Uber, GE, American Express, L’Oreal and IBM.